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Wall Street took the postponement of the U.S.-China tariff deadline in stride and refocused on inflation numbers arriving Tuesday that may play an outsized roll in the decision by the Federal Reserve about weather to cut rates, as President Donald Trump is demanding, or stand pat.
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all nearly unchanged before the bell.
President Donald Trump signed an executive order late Monday putting on hold a possible showdown between the world’s two major economies to allow 90 more days for more talks on a broad trade agreement. Without an extension, taxes on Chinese imports might have jumped from an already high 30%.
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